Chinese Internet company Tencent has announced at its e-commerce annual meeting that the company plans to launch a B2B2C platform in the fourth quarter of 2011. The new platform is currently under development. It will adopt a new brand logo and will be operated synchronously with Tencent's existing C2C website, Paipai.com. Wu Xiaoguang, senior executive [...]

Alibaba's Zhejiang Alipay Internet Technology Ltd has signed a cooperative agreement with China Netcom Xuzhou branch to jointly develop services in the online payment sector.